The European automotive motor market is projected to grow at a significant CAGR of 9.1% during the forecast period. The key factors that drive the European automotive motor market include the establishment of leading automotive manufacturers in the region. The prominent automotive players in the region include Daimler AG, Groupe PSA, Volkswagen AG, BMW AG, Audi AG, Jaguar Land Rover Ltd., and Groupe Renault among others which are creating a significant demand for automotive motor for their vehicles. These companies also export a significant number of automobiles all across the globe creating a demand for automotive motors in the region.

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Further, some other factors that drive the growth of the European automotive motors market include the cohesive rules and regulations enforced by the governments regarding the safety and pollution that encourage manufacturers to produce efficient environmentally-friendly vehicles. National, as well as state governments in the European countries, are offering various subsidies to promote the electric vehicle industry in the region. The governments have set targets to ban on gasoline engines, imposed additional taxes on polluting vehicles, providing subsidies to buy electric vehicles, & additional subsidies to leave the gasoline engine vehicle while purchasing EV. Moreover, subsidies for the development of charging infrastructure for EVs are also offered by the government in the region which drives the electric vehicle market and thus the automotive motor market.

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Market Coverage

Market number available for – 2019-2026
Base year- 2019
Forecast period- 2020-2026
Segment Covered- By Type, By Vehicle Type, By Distribution Channel
Regions Covered- Europe
Competitive Landscape- Continental AG, Johnson Electric Holdings Ltd., Mitsubishi Electric Corp., Robert Bosch GmbH, and Siemens AG

Europe Automotive Motor Market – Segmentation

By Type

Brushless DC Motor & Stepper Motor
Brushed DC Motor
Others

By Vehicle Type

Passenger Vehicles
Commercial Vehicles

o Light Commercial Vehicles (LCVs)

o Heavy Commercial Vehicles (HCVs)

o Others (Buses & Coaches)

Electric Vehicles

o Battery Electric Vehicles (BEVs)

o Plug-in Electric Vehicles (PEVs)

o Hybrid Electric Vehicles (HEVs)

By Distribution Channel

OEM
Aftermarket

Europe Automotive Motor Market – Segmentation by Region

Europe

UK
Germany
France
Italy
Spain
Rest of Europe

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